Effect Of Computerization On The Growth Of Economy
(A Case Study Of Two Electronic Companies)
The integration of computerization has profoundly reshaped the economic landscape, catalyzing exponential growth across various sectors. Through automation, enhanced efficiency, and streamlined processes, computerization optimizes resource allocation, boosts productivity, and fosters innovation, thereby fueling economic expansion. Industries ranging from manufacturing to finance experience heightened competitiveness and accelerated development as computerized systems enable real-time data analysis, predictive modeling, and agile decision-making. This digital transformation not only revolutionizes traditional business models but also facilitates the emergence of new industries and employment opportunities, driving economic diversification and resilience. Moreover, the democratization of information and communication facilitated by computerization fosters globalization, expanding markets and promoting international trade. However, while computerization promises unprecedented economic benefits, it also poses challenges such as technological displacement and cybersecurity risks, underscoring the importance of effective governance and continuous adaptation to harness its full potential for sustainable economic growth.
Survey research design will be employed in the study. According to Nworgu (1991), research design is a research plan that specifies how data relates to a given problem. Therefore, the design is chosen to fund out the “Effect of computerization on the growth of Nigeria economy”. The area of this study is Enugu North Local Government Area in Enugu State. There are 30 number of firms in which Ifemix electronic company and fine Brothers electronic company are among.
The population of the study consist of all the managers and workers in Ifemix and fine Brothers electronic companies which is made up of 1000 workers and 50 managers from each company. Sampling of hundred (100) workers and twenty (20) managers from Ifemix electronic company and fine Brothers electronic company were drawn and used for the study. The researchers constructed twenty five item, questionnaires for managers and staff on the “Effect of Computerization on the growth of Nigeria economy which was administered to Ifemix electronic company and Fine Brothers Local Government Area of Enugu North Local Government Area of Enugu State. These are arranged on modified likert a scale of strongly Agreed, Agreed, Disagreed and Strongly disagreed. By these frame the respondents were directed as to the nature and scope of answers that they as well as provide them with a uniform frame of response to the items. To establish the validity of the instrument used for the study, the questionnaire after construction was submitted to four experts, two in the department of measurement and evaluation and one in the department of education foundation and one in the department of computer science, Enugu State College of Education (Technical) Enugu. The Validations, after going through the questionnaire, some corrections was made which the researchers corrected before going to the field. To establish a reliable instrument for the study, the researchers used test retest method to administer the questionnaire and used peason product moment correlation coefficient to find the coefficient reliability of 0.75. the study revealed that computer and related technologies have great social changes in the Nigerian economy. Based on the findings, we recommend people to try to be computer literate through computer training to enhance their employment opportunities. We also recommend that government should formulate and implement policies that will encourage massive computerization especially in the industrial sectors.
Title Page
Approval
Certification
Dedication
Acknowledgement
Abstract
Table Of Contents
Chapter One:
1.0 Introduction
1.1 Background Of Study
1.2 Statement Of The Problems
1.3 Purpose Of The Study
1.4 Scope And Delimitation Of The Study
1.5 Research Questions
Chapter Two:
2.0 Literature Review
2.1 Home Environment And Discipline Of Children
2.2 Poor Supervision And Administration Of School As Factors Contributing To Indiscipline
2.3 Indiscipline As A Factor In Home And School Environment
2.4 Peer Group Of Keeping Bad Company
2.5 Heredity As It Relates To Indiscipline
2.6 Summary
2.7 Causes And Solution
Chapter Three:
3.0 Research Methodology
3.1 Design Of The Study
3.2 Area Of The Study
3.3 Population Of The Study
3.4 Sample And Sampling Procedures
3.5 Validation Of The Instrument
3.6 Reliability Of The Instrument
3.7 Method Of Data Analysis
3.8 Decision Rule Mark To Method Of Data Analysis
3.9 Development Of The Instrument
Chapter Four:
4.0 Presentation And Analysis Of Data
Chapter Five:
5.0 Discussion Of The Findings, Conclusions And Recommendations, Summary.
5.1 Discussion Of Findings
5.2 Conclusion Of Findings
5.3 Educational Implication
5.4 Recommendations
5.5 Suggestion For Further Research
5.6 Summary
5.7 Conclusion
References
Appendix
INTRODUCTION
Background of the Study:
It is on record that greatest advancement has been made in the field of computer has reached the door stop of every home and office even in Enugu Metropolis.
Historically, the multi – user system (main frame computer) was the only type in the market, notwithstanding the expensive nature and size, still people clamour for if. This main frame can be called super computers presently; the computer has been reduced from mainframe to mini – computer and down to micro computer. Micro computer has become cheap and less easy to carry about. (Okolo 2007)
Ordinarily, computer can therefore be seen as a machine” that receives data, from an input) stores data and processes data and gives back information depending on the programme stored. Computer can also be seen as a device for accepting information, applying, prescribed process to the information, and supply the result of the processes. It usually consists of input and output devices, storage arithmetic and logical unit and a control unit. (Amanze 1991)
The input in computer may come from many sources. This can be from the keyboard, mouse, scanner, camera etc.
The output can be from VDU (visual display unit) when it is still in soft copy, the printer as hard copy etc.
The numerous contribution and importance of computer can never be over emphasized. It immensely affected the direction of our economy for quite some time now, to an extent that Nigeria has joined as member of the global village. There is no sector of the economy that is not positively influenced by the presence of computer in this country.
Most sectors of the economy that have computer known that it is a good companion, ranging from information and communication technology sector, banking sector etc. Banking sector has really simplified their activities through the assistance of computer and made the so – called banking activities down with much ease. In other words, the effective processing of business and other sector of the economy can be equally attributed to the introduction of computer system and computer based processing. ( Ekemezie, 2004)
However, in the economic view point, computer are generally used in providing public services in the government, although a great number of the department uses computer for conventional business application such as pay roll, personnel records and economic planning.
In other words the study focuses on the effect of computerization on the economic development in Nigeria
Statement of the Problem:-
In the economy of this country tremendous development have been noticed, even before the introduction of computer in some sectors. Impressive development appears to be seen in even in the remote sectors of the economy. This trend of development is seen by many as a step forward while others sees it as something not commensurate with the standard of Nigeria continental placement.
This inadequacy stems fast despite the various and orchestrated importance of computer to many sectors in the country are yet to experience computer. Many citizens are still not aware of what contributions computer can provide for them. Ministries, parastatals and business organisation still remain incompatible, while most chief executive do not even have the time to fully appreciate computer, this however necessitated the need to evaluate the effect of computerization to the growth of the economy and hence lie the problem of this study which necessitated the following questions.
I. Are the effects of computer on the economy positive or negative?
II. Are there possible ways to deal with the negative effect of computerization in the economy if there is negative effect?
III. Do various sectors of the economy actually aware of the importance of computerization?
Purpose of the Study:-
The following are the objective of the study:
I. To examine the positive and negative effect of computerization on social life of the people of Enugu North Metropolis.
II. To ascertain the organisational effect of computerization with particular reference to organizations within Enugu North metropolis.
III. To urge and enable the people and organization in Enugu North to learn how to use, operate and appreciate computer.
IV. To propagate the need to adopt computers and making every part of this metropolis a computerized area.
V. To provide solutions and suggestions to the limitations and problems inhibiting, the effective introduction of computer in the society.
Significance of the Study:
The study is vital because of the following benefits to be derived from it by the Enugu North Local Government and the Society at large and this includes:
I. This study will encourage a good number of people in Enugu North and the society at large to undergo computer training. It will also encourage great number of people to study computer as a course in higher institutions.
II. This study is highly set to encourage and inculcate the computerization culture into the individuals in Enugu North and the organisation there in.
III. This study to a great extent will urge individuals of Enugu North metropolis to engage in computer sales, maintenance, services and assembling.
IV. This study in a high note will create employment opportunities for computer operators, system analysis, programmers and computers sales firm.
V. This study is very important because it will form an inspiration to new researchers on this topic “the effect of computerization in the growth of Nigeria economy (a case study of selected manufacturing companies in Enugu North Local Government Area.)
Research Questions:
i. What are the negative and positive effects of computerization on the social life of people?
ii. What are the organisational effects of computerization?
iii. What are the problems inhibiting effective computerization in our society?
iv. Are there any possible ways to deal with the negative effect of computerization in the economy?
v. Are the various sector f the economy actually aware of the economy as well as the importance of computerization on it
Delimitations:–
The project work had been limited to a smaller area. Infact the scope covers Enugu North L.G.A. In this case, all information contained in this work is obtained from two manufacturing companies in Enugu North L.G.A.
Limitations:-
This project has some constraints. These include acquisition of information. Again the unwillingness of some respondents to give useful information created yet another problem. Moreover, the availability of the right persons to fill the questionnaires posed another drawback to this project
Definition of Terms
VDU: visual display unit, it is one of the output devices in a computer, popularly known as screen.
Micro – computer: this is the most common type of computer. It is smaller, cheaper and more powerful than mainframe and minicomputers
Computerization: This is the putting of information into suitable form for use by means of computer machines.
Effect: the result or consequences
Effect Of Computerization On The Growth Of Economy:
Computerization has had a profound and multifaceted impact on the growth of the economy. It has transformed various sectors and industries, leading to both direct and indirect effects on economic growth. Here are some of the key ways in which computerization has influenced the economy:
- Increased Productivity: One of the most significant effects of computerization is the boost it has provided to productivity. Computers can process and analyze data at incredible speeds, automate repetitive tasks, and assist in complex calculations. This has allowed businesses to produce more with fewer resources, leading to increased economic output.
- Cost Reduction: Computers have helped reduce the cost of various business processes, such as accounting, inventory management, and customer service. Lower operating costs often translate into higher profits, which can contribute to economic growth.
- Enhanced Communication: The advent of the internet and email has revolutionized communication and reduced barriers to trade and commerce. This has enabled companies to expand their markets globally and has facilitated the exchange of information and ideas. As a result, economies have become more interconnected and efficient.
- E-commerce: The rise of e-commerce, made possible by computerization, has created new business models and revenue streams. Online retail, for example, has expanded rapidly, contributing to economic growth and creating jobs in the logistics and technology sectors.
- Innovation and Research: Computers have accelerated the pace of research and development in various fields, including medicine, engineering, and materials science. This has led to the creation of new products, processes, and industries, fostering economic growth through innovation.
- Data Analytics: The ability to collect and analyze vast amounts of data has led to more informed decision-making in business and government. This data-driven approach can optimize resource allocation, improve public services, and stimulate economic growth.
- Job Creation: While some jobs have been automated and replaced by computers, the technology sector itself has created numerous job opportunities. Moreover, the increased efficiency brought about by computerization has often led to the expansion of businesses and the creation of new jobs in other sectors.
- Education and Human Capital: Computerization has emphasized the importance of digital literacy and skills development. A well-trained and adaptable workforce can attract investment, foster innovation, and contribute to economic growth.
- Financial Markets: Computerization has transformed financial markets through high-frequency trading, algorithmic trading, and online brokerage services. While this has increased market efficiency, it has also introduced new challenges and risks.
- Government Efficiency: Computerization has improved the efficiency of government services, reducing bureaucratic inefficiencies and corruption. This can lead to better governance and a more conducive environment for economic growth.
- Globalization: Computers have facilitated global supply chains, making it easier for companies to source materials and labor from around the world. This has led to increased international trade and economic interdependence.
However, it’s essential to note that computerization also poses challenges, such as job displacement, cybersecurity risks, and privacy concerns. Moreover, the benefits of computerization may not be evenly distributed, potentially exacerbating economic inequality.
In summary, computerization has played a crucial role in driving economic growth by increasing productivity, reducing costs, fostering innovation, and enabling global connectivity. However, its impact varies across sectors and regions and requires careful management to ensure that the benefits are broadly shared.